Green Agrees With King
Updated Sunday, 10th June 2012
The two lead players in the takeover of Rangers saga agree on one thing.
The former Sheffield United chief executive said: "Dave King said he didn't think I'd still be here in a year's time and do you know what? He's right. It isn't my intention to be here longer than that. If nothing much is added to what I can see on the table at the moment I believe I can get over all the hurdles in a year. I'd be very disappointed if I am not out of the club quickly."
Of course, Green is not doing this out of his love for the club. He admitted that his involvement will earn him "£2million in shares, not cash". Green's group have pledged £8.5million for creditors, the vast majority of which is due to be repaid with interest from the club by 2020. Rangers currently owe HMRC more than £21million and that figure could more than quadruple depending on the outcome of a tax tribunal. Green is using any means possible to encourage a positive vote for the CVA offer. He said: "Fans should be urging their politicians to apply some pressure so that the CVA is accepted."
Green also insisted the funding from his investors, only two of whom have been named, was already in place and he would not be able to use season-ticket money to fund his deal. He said: "The first-phase funding, £10million, is all there. Yes, I will raise £20million more and I say that well aware of just how difficult it is to raise money these days."